Indo ICCC UKPF (IFC-602984)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
Nation-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 4, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Indonesia
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 28, 2019

Disclosed by Bank Nov 8, 2018


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Project Description

According to the bank document, the goal of the overall Indonesia Investment Climate, Competition and Competitive Sectors (Indo ICCC) program is to increase domestic and foreign investments through support for economy-wide and sector-specific reforms that create more open and predictable markets.

The program aims to strengthen business regulations and practices and to improve the competitiveness of selected sectors (logistics & ports, and tourism). The goal of the Indo ICCC UK PF project is to achieve reforms that create more open and predictable markets and strengthen business regulations and practices and generate investment with the following components:


Component 1: Economy-wide investment climate reforms and competition:
a. Support to strengthen the governance of the reform process, especially through: increasing government capacity for evidence-based policy making, and providing advice on strengthening the governance of the reform process to increase predictability for investors.
b. advice on opening markets, increasing investment and competition through eliminating and/or reducing restrictions to entry and expansion for both foreign and domestic investors; and reviewing and strengthening institutional capacity to identify and prevent anti-competitive regulations and practices and promote competitive neutrality.

Component 2: Sector-specific reforms:

Logistics and ports sectors competitiveness.

Support increase in investment in the logistics and port sectors by reducing the regulatory burden, removing barriers to investment entry, and reducing restrictions to FDI.

Investment Description
  • International Finance Corporation (IFC)

The Indonesia ICCC program is funded jointly by SECO's Multi-Country Investment Climate Program (MCICP) and the UK’s Prosperity Fund Improving Business Environment for Prosperity (UK PF).

Contact Information

*There is no further information being revealed at this stage of the project*

ACCOUNTABILITY MECHANISM OF IFC

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